Alan Collins
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Alan Collins's blog post was featured

EURGBP - Capped by average and Marabuzo line

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…See More
yesterday
Alan Collins posted a blog post

EURGBP - Capped by average and Marabuzo line

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…See More
yesterday
Alan Collins's blog post was featured

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…See More
Thursday
Alan Collins posted a blog post

GBPUSD - Through key average - Immediate potential to 1.5849

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…See More
Thursday
Alan Collins posted a blog post

USDCAD- Setback to deepen this week

The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…See More
Monday
Alan Collins posted a blog post

EURUSD - 13 day moving average to platform gains.

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…See More
Nov 21
Alan Collins posted a blog post

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.See More
Nov 19
Alan Collins's blog post was featured

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…See More
Nov 18
Alan Collins's blog post was featured

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…See More
Nov 17
Alan Collins's 2 blog posts were featured
Nov 14
Alan Collins's 2 blog posts were featured
Nov 12
Alan Collins's blog post was featured

USDCAD - Despite setback, Sentiment is Positive

Initial demand took USDCAD to the most positive levels traded for 5 years last week. Although last week ended with some sharp profit taking, a 2nd positive weekly performance in a row, bullish daily & weekly Keltner channels and the support of the 13 day moving average keep the focus on the topside with targets of 1.1400 and 1.1468.…See More
Nov 10
Alan Collins posted a blog post

EURGBP - Negative - dominated by Marabuzo lines

For a 3rd day in a row, yesterday saw demand falter and reverse at a Marabuzo line created last Friday. That level currently coincides with the 13 day moving average so the resistance is magnified. Yesterday's upside rejection came from a lower open and so the result was an almost unchanged close. But despite the indecision that normally highlights, and a failure to hold below .7800,the weakness of the bounce means sentiment is left negative targeting .7798/99 and .7782.…See More
Nov 7
Alan Collins's blog post was featured

GBPUSD - Powerful rejection of the lows leaves sentiment positive

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from open to close. Overall in fact, there has been only minor movement over the last 5 days. Although this means that sentiment is not strong, yesterday's bounce sets the tone for intraday signals with a move above the key 13 day moving average increasing positive momentum. Our targets are 1.6024 and…See More
Nov 6
Alan Collins's 2 blog posts were featured
Nov 5
Alan Collins's blog post was featured

EURGBP - Gradual recovery to extend this week.

The rally from last month’s 2 year low extended last week. This 2nd up week in succession was a tentative move dominated by Monday’s gains and uncomfortable above .7900. In fact the last 5 trading days have oscillated around the important 13 day moving average. Although this clearly highlights a degree of uncertainty, and Friday’s close was marginally below the average line, 3cA studies are left mildly positive with potential through .7900 to .7932.…See More
Oct 13

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

EURGBP - Capped by average and Marabuzo line

Posted on November 28, 2014 at 6:59am 0 Comments

This week's price action has been caught within a narrow range. Around the 13 day moving average and the daily Ichimoku Cloud this is a consolidation after last week's powerful decline. A lack of follow through in either direction means that immediate signals for sentiment are not strong but it is the upside failure that means 3cA intraday studies are negative with potential to .7907 and .7897.…

Continue

GBPUSD - Through key average - Immediate potential to 1.5849

Posted on November 27, 2014 at 6:59am 0 Comments

Demand for sterling continued the rise from this month’s low yesterday. In fact, the upside accelerated – producing the most bullish performance of the month. These gains also took CABLE back above the 13 day moving average for the first time in November. Latter, and overnight, trading has seen consolidation but sentiment remains positive with potential to 1.5849 or even 1.5872.…

Continue

USDCAD- Setback to deepen this week

Posted on November 24, 2014 at 7:38am 0 Comments

The bulk of last week's trading was around the 13 day moving average as the pullback from 5 year highs consolidated. However after the week's top was rejected on Thursday, more significant selling pressure developed to take USDCAD clearly below the 13 day line and to test the top of the daily Ichimoku Cloud. An early reaction to this move is expected but with sentiment now negative with potential through 1.1192 to 1.1143.…

Continue

EURUSD - 13 day moving average to platform gains.

Posted on November 21, 2014 at 6:56am 0 Comments

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…

Continue

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